Puig and Coty Announce Partnership

Posted: February 24, 2006

Puig Beauty & Fashion Group and Coty Inc. announced a partnership to introduce prestige cosmetics and fragrances in the U.S. domestic market. Coty will provide Puig with back office services, logistics and its commercial platform, while Puig will manage the development of its brand portfolio through its own marketing team. The agreement is scheduled to take effect July 1, 2006.

“We have had, for some time, an ambition to make further inroads into the U.S. market, and this alliance is an important part of realizing that goal,” said Marc Puig, CEO, Puig Beauty & Fashion Group. “We are confident the Coty organization is the best possible partner to help us understand the retail landscape and work with us towards the future success for our brands.”